commissioned income

Commission Income

Matt Padget of Keystone Mortgage in Knoxville, TN shares how banks look at your income in relations to mortgages when you make commissioned income. If you make commission income, it is looked at differently by underwriters thanif you were making a salary or an hourly pay. With commissioned income we need to have a two…

Overcoming a Short-sale

Overcoming a Short-Sale

    Hi Matt Padgett with Keystone Mortgage. If you had a short sell in the past, it’s not the end of the world. Short sells, we can overcome those. For VA loans it needs to be two years after the short sell. For conventional loans, four years after the short sell. And for FHA…